33 units will complete Hayden Place north of river

33 units will complete Hayden Place north of river

December 18th, 2011 by Dave Flessner in Business Around the Region

Construction work continues at the Hayden Place apartments on Whitehall Road.

Photo by John Rawlston /Times Free Press.

• Name: Hayden Place

• About: The 269-unit apartment complex is being built in three phases. The initial 112 units were completed in September 2010 and the second phase was done in October. Construction recently began on the third and final phase to add the final 33 apartments, developer John Wise said. Hayden Place is Wise Properties' largest apartment complex and the first two phases are now full.

• Location: 298 Acorn Oaks Circle off Pineville Road

• Developer: John Wise

• Status: The third and final phase of Hayden Place is scheduled to be completed by March or April, Wise said.

• Market: Wise originally proposed building condominiums on the land he purchased off Pineville Road. But when the home purchase market began sinking in 2008, Wise shifted the project to include one, two and three-bedroom apartments. The apartments appeal to young professionals, empty nesters and others interested in luxury apartment living near downtown and the North Shore.

• Prices: One bedroom "Dogwood" units rent for $850 a month; two-bedroom "Cypress" units rent for $1,125 and three-bedroom "Magnolia" units rent for $1,450 per month.

• Investment: $28 million

• Amenities: Hayden Place includes a million-dollar resort-style pool and clubhouse; a fully gated community with clicker style gate openers, concierge services for dry cleaning and trash pickup, a dog park, herb garden, picnic area and garages.